New fiscal status to revive new rental investment

The French government introduces a new fiscal device, dubbed 'Jeanbrun' or 'private landlord status', to encourage investments in new and old rental housing. Announced as part of the 2026 finance bill, it replaces the Pinel scheme and aims to cut taxes through annual amortization. Meanwhile, Prime Minister Sébastien Lecornu sets the ambitious goal of building 2 million homes by 2030.

On January 23, 2026, during a visit to Seine-Saint-Denis, Prime Minister Sébastien Lecornu unveiled an ambitious housing relaunch plan amid sector crisis. He committed to building '2 million homes by 2030', or '400,000 per year', an objective he calls 'colossal'. 'I have no doubt we will be watched on our collective capacity, with the profession, to succeed and deliver 2 million homes by 2030', he stated at a press point in Rosny-sous-Bois.

Described as 'one of the most radical plans of the last ten years in its philosophy', it aims to massively boost construction and renovation. Lecornu calls for more flexibility: 'We must not bother the French', and rejects pitting 'social against private' or 'rural against urban'. The approach draws from the Notre-Dame reconstruction and Olympics methodology.

A key lever is the new rental investment device, possibly named after Housing Minister Vincent Jeanbrun, replacing the Pinel scheme ended in late 2024. This 'private landlord status' enables annual fiscal amortization equivalent to a fraction of the property's value, akin to LMNP (non-professional furnished rental). It restores fiscal appeal for new builds, though less so for existing ones, and wipes out tax on rents. 'The device aligns with what made the strength and success of non-professional furnished rental', notes an expert.

Per the Housing Minister, this will enable nearly 50,000 additional homes per year and generate over 500 million euros in fiscal revenues. It includes unprecedented financial support for social landlords, taps French savings, and sets a timeline to simplify projects with local officials.

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French PM Sébastien Lecornu announces 2026 budget concessions at press conference, featuring key measures like bonus increases and scrapped tax reforms.
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Sébastien Lecornu unveils concessions for 2026 budget

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Prime Minister Sébastien Lecornu announced several measures on Friday evening to amend the 2026 budget project, hoping to secure a compromise with opposition parties and avoid censure. Key announcements include an increase in the activity bonus and the abandonment of unpopular tax reforms. He has given himself until Tuesday to finalize an agreement, without specifying whether he will use Article 49.3 or ordinances.

Prime Minister Sébastien Lecornu announced a housing relaunch plan aiming to build 2 million homes by 2030, or 400,000 per year. This marks a doctrinal shift after three years of inaction amid France's housing crisis. The announcement came from Rosny-sous-Bois in Seine-Saint-Denis, highlighting the urgency of the issue for French citizens.

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France's 2026 finance law concludes with a fragile compromise, criticized as a list of renunciations amid demographic, climate challenges and an unsustainable debt. Prime Minister Sébastien Lecornu announced on January 16 a lackluster deal, where each party claims small victories amid widespread frustration.

On January 13, 2026, the French National Assembly resumed examination of the 2026 finance bill, following the failure to reach agreement in the joint parliamentary committee in December. Economy Minister Roland Lescure assured deputies that the text is "within reach," urging a final effort for compromise. Yet few lawmakers believe it can pass without invoking article 49.3 or using ordinances.

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Starting January 1, 2026, France implements a range of measures impacting personal finances, housing, transport, and the environment, amid the lack of an adopted state budget. Key adjustments include a 0.9% increase in basic pensions, the suspension of the MaPrimeRénov’ scheme, and price rises for gas and postal packages.

After three months of tense negotiations, Prime Minister Sébastien Lecornu passed the 2026 budget by conceding several points to the socialists, including suspending the 2023 retirement reform. This adoption, secured via article 49.3, avoids a controversial tax but raises economic concerns for the French. The concessions will come at a cost to businesses and the country's economy.

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The National Assembly's finance commission rejected the Zucman tax on very high patrimonies on Monday, October 20, proposed by the left. Deputies from the government coalition and the National Rally voted against this amendment, which aimed to impose a 2% minimum on patrimonies over 100 million euros. The debate will continue in the hemicycle starting Friday.

 

 

 

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